I have installed K-lite on my old XP computer, because when media player will not support playing a movie,that is the codec installment that allowed me to play DVD movies on the computer.
Never interferred with anything else like with the audio codecs, the computer or program just uses the codec needed at the time to not have the dreaded codec not recognized error come up or codec not supported like in Windows Media Player when it does not have a codec to use for the use it is being used for.